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Project Blue <br />Cabarrus County Economic Development GrantAna/ysis <br />- " I f <br />CABARRUS <br />Note; Grants Subject to Cabarrus Economic Development Board <br />approval & governmental body approval, <br />G -4 Page 506 <br />Year 1 <br />Year 2 <br />Year 3 <br />Year 4 <br />Year 5 <br />Total Assessed Value <br />$7,567,500.00 <br />$7,567,500.00 <br />$7,567,500.00 <br />$7,567,500.00 <br />$7,567,500.00 <br />County taxes at .70 <br />$ 52,972.50 <br />$ 52,972.50 <br />$ 52,972.50 <br />$ 52,972.50 <br />$ 52,972.50 <br />Grant @ 85 % <br />$ 45,026.63 <br />$ 45,026.63 <br />$ 45,026.63 <br />$ 45,026.63 <br />$ 45,026.63 <br />Net Taxes to County <br />$ 7,945.88 <br />$ 7,945.88 <br />$ 7,945.88 <br />$ 7,945.88 <br />$ 7,945.88 <br />This document is for calculation purposes only. The numbers computed <br />here are estimated based on general assumptions provided by the client, <br />the Cabarrus County Tax office and the North Carolina Dept of Revenue. <br />Actualgrants may vary <br />5 year taxes <br />$ 264,862.50 <br />5 year grant <br />$ 225,133.13 <br />5 yr. net revenue <br />$ 39,729.38 <br />Note; Grants Subject to Cabarrus Economic Development Board <br />approval & governmental body approval, <br />G -4 Page 506 <br />